SPOT PRICES (October 27, 2008)
COURTESY OF SCOTIABANK
News
LME WAREHOUSE LEVELS (October 27, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 21, 2008 (change from Oct. 14 in brackets):
TSX VENTURE EXCHANGE – OCT. 14-20
The S&P-TSX Venture Composite Index bounced up and down over the Oct. 14-20 trading session. On the first day of the week, it broke through the 1,000-point mark but by the next day it was back dow…
TORONTO STOCK EXCHANGE – OCT. 14-20
Sliding commodity prices and fears of a recession are haunting the Canadian economy: A new poll by the Conference Board of Canada found that consumer confidence fell this month to its lowest level sin…
U. S. MARKETS – OCT. 14-20
U. S. markets were down during the Oct. 14-20 trading session after investors realized that, although various government bailouts may revive credit markets and allow banks to resume lending, the world…
American Mining Hall of Fame to celebrate new inductees
On Dec. 6, geologists, prospectors and mine engineers will gather in Tucson, Ariz. for the 26th Annual American Mining Hall of Fame Awards Ceremony and Banquet.
PEOPLE (October 27, 2008)
Africo Resources — Jim Cook, Pieter Deboutte, Matthew Fisher and Douglas Ryan appointed directors.
Metals Commentary: Daiwa Research sets price bottom for mid-2009
A new report from Japan’s Daiwa Institute of Research forecasts that looser monetary policy next year in China will help stimulate a recovery in investment and metal demand there, while a bottom to th…
Editorial: Uncertainty spawns paralysis
The global financial crisis continued to grind forward during the week ended Oct. 18, the 42nd trading week of 2008, leaving in its wake further depressed metals prices, distressed mining share prices…
Int’l Beryllium builds on the ‘nuclear renaissance’
International Beryllium (IB-V, IBRYF-o) is buying Franklin, Ind.-based Nonferrous Products, a beryllium metalworking and specialty alloy processing company, for about US$10.5 million. The combined com…
Waratah rejects bid by Aussie company
Waratah Coal (WCI-V, WRTHF-o) says a partial takeover bid by Mineralogy Pty. undervalues the company’s Galilee Basin coal project in eastern Australia and has advised shareholders to reject the $1.41-…
Imperial Metals shores up Mount Polley mine
Vancouver — Continuing exploration at the Mount Polley open-pit copper-gold mine in central British Columbia is finding exactly what Imperial Metals (III-T, IPMLF-o) seeks: high-grade intercepts.